Copper Prices Skyrocket: AI, EVs & Supply Shortages Fuel Surge

• Copper prices are surging, nearing $12,000 per ton, driven by increased demand and supply concerns.
• Rising demand stems from industrial use in power grids, EVs, clean energy systems, and AI infrastructure.
• A supply deficit is projected: 124,000 tons in 2025, increasing to 150,000 tons in 2026, due to mining disruptions.
• Despite supply concerns, major exchange inventories rose 54% this year, with US Comex inventories reaching a record high.
• Global copper demand is expected to grow by 2.7% to 27 million tons in 2025, with US trade policy reviews posing potential risks.

Why It Matters: Copper's surging price, driven by AI and green tech, signals major economic and investment shifts.